Lands’ End (NASDAQ:LE) Sets New 12-Month High – Time to Buy?

Shares of Lands’ End, Inc. (NASDAQ:LE) reached a new 52-week high during trading on Tuesday . The company traded as high as $18.67 and last traded at $18.60, with a volume of 24688 shares traded. The stock had previously closed at $18.32.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Lands’ End from a “hold” rating to a “buy” rating in a research note on Friday, September 6th.

Lands’ End Trading Up 5.8 %

The company has a current ratio of 1.64, a quick ratio of 0.41 and a debt-to-equity ratio of 1.10. The stock has a 50-day simple moving average of $15.75 and a 200 day simple moving average of $14.72. The company has a market cap of $621.84 million, a price-to-earnings ratio of -4.67 and a beta of 2.77.

Lands’ End (NASDAQ:LE) last released its earnings results on Thursday, September 5th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. Lands’ End had a negative return on equity of 1.03% and a negative net margin of 9.20%. The firm had revenue of $317.17 million during the quarter, compared to the consensus estimate of $306.00 million. As a group, equities research analysts predict that Lands’ End, Inc. will post 0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LE. Simplicity Wealth LLC raised its position in Lands’ End by 2.5% during the third quarter. Simplicity Wealth LLC now owns 28,159 shares of the company’s stock valued at $486,000 after acquiring an additional 700 shares in the last quarter. Gladius Capital Management LP purchased a new position in shares of Lands’ End during the 2nd quarter valued at approximately $31,000. BNP Paribas Financial Markets lifted its stake in shares of Lands’ End by 65.0% in the 1st quarter. BNP Paribas Financial Markets now owns 6,999 shares of the company’s stock valued at $76,000 after purchasing an additional 2,757 shares during the period. Bank of New York Mellon Corp boosted its holdings in Lands’ End by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 53,245 shares of the company’s stock worth $724,000 after buying an additional 4,334 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in Lands’ End by 41.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,962 shares of the company’s stock valued at $163,000 after buying an additional 4,392 shares during the period. Hedge funds and other institutional investors own 37.46% of the company’s stock.

About Lands’ End

Lands’ End, Inc operates as a digital retailer of apparel, swimwear, outerwear, accessories, footwear, home products, and uniform in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, International, Outfitters, Third Party, and Retail segments. The company also sells uniform and logo apparel.